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Furniture Retailer Badcock to Shut Down, Closing 380 Stores

Furniture Retailer Badcock to Shut Down, Closing 380 Stores

by Phil Hall | Aug 1, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

Badcock Home Furniture & More, a 120-year-old furniture retailer based in Southern states, has begun a “going out of business” sale at all of its 380 stores. The New York Post reported the company’s shuttering follows last week’s bankruptcy filing by its parent...
Blackstone in Talks to Acquire Retail-Focused REIT

Blackstone in Talks to Acquire Retail-Focused REIT

by Phil Hall | Aug 1, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The private equity firm Blackstone (NYSE:BX) is reportedly in discussions to acquire Retail Opportunity Investments Corp (NASDAQ: ROIC), a real estate investment trust (REIT) focused on retail properties in the Western states. According to a Reuters report sourced...
Colibri Real Estate to Host Virtual Career Expos

Colibri Real Estate to Host Virtual Career Expos

by Phil Hall | Aug 1, 2024 | News/Current Events, Real Estate Agent Tools, Real Estate News, WRE News Exclusive

Colibri Real Estate, a St. Louis-headquartered provider of real estate education, has announced the schedule for upcoming virtual career expos where real estate agents can connect with brokers who are hiring. Both expos will take place virtually and there is no cost...
Mortgage Rates Drop to 6-Month Low

Mortgage Rates Drop to 6-Month Low

by Phil Hall | Aug 1, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage rates dipped to a six-month low in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.73% as of Aug. 1, down from last week when it averaged 6.78%. A year ago at this time, it averaged...
Housing Inventory Reaches Post-Pandemic High

Housing Inventory Reaches Post-Pandemic High

by Phil Hall | Aug 1, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The volume of homes that were actively listed for sale in July was up 36.6% year-over-year, according to new data from Realtor.com. July’s inventory level is a post-pandemic high, while the share of listings with price cuts totaled 18.9%, the highest rate since...
Interior Design/Staging Firm Linden Creek Launches Franchise Program

Interior Design/Staging Firm Linden Creek Launches Franchise Program

by Phil Hall | Aug 1, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Linden Creek, a Raleigh-based interior design and home staging firm, has launched a franchise program with the opening of its first two franchise locations in Charlotte and Cary, North Carolina. The franchise program provides operational tools – including...
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